Wausau Paper will sell its mill in Mosinee, pictured here in February 2012, as well as its mill in Rhinelander, to KPS Capital Partners LP, a New York-based private equity firm.

Written by

Amanda Seitz
Daily Herald Media

The company that plans to take over the Wausau Paper Corp. mills in Mosinee and Rhinelander has drafted a new collective bargaining agreement with the United Steelworkers union for the hundreds of workers at the mills.

KPS Capital Partners, a private equity firm in New York, is expected to merge the Wausau Paper mills in Rhinelander and Mosinee with the Kaukauna and De Pere mills now owned by Thilmany Papers. The merger is expected to create the largest specialty paper company in North America.

The new, four-year agreement, which was drafted for the workers at Rhinelander, Mosinee and ...